Deductions & credits

Thank you for your response! I appreciate it! Grandfathered was probably not the right term to use on my part because those refer to the loans originated before 1987.

 

In this case, my original loan was for over $1m. The refinanced loan should still be eligible for $1m deduction because it was a smaller loan than the original. I'm referring to a similar condition as to this one.

 

The problem I'm having is that TurboTax is not deducting anything for the interest that I paid. Regardless of the $750k or $1m limit. I think there is a bug in the software that needs to be fixed.